Three Steps to Selling a HouseIn the current market, homes are losing value every month. For each month your house sits on the market, you are losing equity.

Chalmetta LA – House Buyers: Are you under the impression that you must get what you planned to get for your house? If your house is on the market and you are in no hurry to sell, that’s your option and you can wait until you get the asking price you are satisfied with. Many people who own their homes outright and plan to move if and when their house sells have time to wait for that to happen. Some people can’t wait and find it necessary to sell even if they don’t really want to.

If your house is on the market and you are in no hurry to sell, that’s your option and you can wait until you get the asking price you are satisfied with. Many people who own their homes outright and plan to move if and when their house sells have time to wait for that to happen.

Getting what you want for your house is sometimes what keeps buyers from believing that they can negotiate with you. If your asking price is $353k, for example, and your mortgage is paid off, you’re in no hurry, and the house is worth it, you can stick with that price until you get tired of waiting. If your asking price is $353k and you still owe $300k on your mortgage, though, it’s an entirely different story. When it gets tough to make the payment every month and you find it necessary to get out from under the mortgage, you’ll want to price your house at an amount that will attract buyers and entice them to buy quickly.

With a $300k mortgage and a $353k asking price, you have a little wiggle room for negotiation. The difference of $53k is your equity and can be used to haggle with the buyer, spend a little on marketing the house, and you’ll still come out on top of the game. If the house sits on the market for too long though, you’ll be losing equity every month it doesn’t sell. If the current market value continues to drop monthly just a little, the value of your house and your equity drops along with it. If your asking price is based on the current market value today, and the house doesn’t sell for 6 months or a year, you could be looking at a house that is overpriced eventually. While the good selling price was $353k when you started, the market may drive the best price for the house down to more like $340k in six months, which means the original price is now too high.

  • Getting what you want for your house is sometimes what keeps buyers from believing that they can negotiate with you.
  • With a $300k mortgage and a $353k asking price, you have a little wiggle room for negotiation.
  •  While the good selling price was $353k when you started, the market may drive the best price for the house down to more like $340k in six months, which means the original price is now too high.

One solution is to call a real estate investor for an offer on your house. They generally offer an average of 75% for homes in any condition and when you do the math, you could end up saving some of your equity by selling the house quickly instead of letting it sit on the market loosing value.

We Buy Houses in Louisiana

Do not spend the time or money repairing your home and getting it ready to show…. We will buy your home “As Is” so you don’t have to do the work. We are as serious about buying your house as you are about selling it. Selling a house is usually an expensive and complicated process. That’s why real estate agents make thousands (sometimes tens of thousands) of dollars on a single sale. But, when we buy your house, there are no commissions to pay and best of all there is no “waiting” involved.

Call us today at 985-441-9733 and leave a message on our 24 hour recorded message line. Or Visit us at DeepSouthHomebuyers.com and fill out our online seller questionnaire.

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